Almarai : launches new investments worth 4.5 billion SR to expand poultry production in Al-Shamli Governorate, Hail

On Saturday, November 26, 2022, Almarai Company announced an investment of 4.5 billion SR in Al-Shamli Governorate, Hail Region, to expand poultry production.

This came in a ceremony held by the company in Al-Shamli Governorate, under the patronage of HRH Prince Abdulaziz bin Saad bin Abdulaziz, Governor of Hail Region, and in the presence of His Excellency Eng. Abdul Rahman Al-Fadhli, Minister of Environment, Water and Agriculture, and CEO of Almarai Company, Abdullah bin Nasser Al-Bader.

Prince Abdulaziz bin Saad, in a speech delivered during the ceremony, praised the support given by the wise leadership to the development of the region's governorates, pointing out that the launch of investment projects for Almarai Company provides 4,000 job opportunities, in addition to direct and indirect investments that benefit the country's economy. The Shamli Governorate with benefits, along with Its economic impact in encouraging business owners whose businesses are integrated with these projects, noting what the Minister of Environment, Water, and Agriculture is doing, and the keenness of the people of the province to preserve everything that contributes to development and development programs.

"The company's new investments in the poultry sector in Al-Shamli Governorate in Hail region are a result of the support and encouragement of the government of the Custodian of the Two Holy Mosques and his Crown Prince to the private sector, and part of the sector's participation in the development of the national economy, and an affirmation Almarai Company's growing role in achieving the Kingdom's Vision 2030 in all fields, foremost of which is enhancing food security in the Kingdom." Abdullah bin Nasser Al-Badr, CEO of Almarai Company, said.

Al-Badr added that the new investments include establishing a factory and new farms to expand poultry production with more than 150 million birds annually, equivalent to 130,000 tons of poultry products. This investment will provide 4,000 new job opportunities and contribute to local content development, which will reflect positively on the Hail region and the rest of the Kingdom, with additional revenues estimated at 2 billion SR annually.

It is noteworthy that Almarai Company announced in May 2021 the pumping of capital investments estimated at 6.6 billion riyals to expand in the poultry sector, to double the company's market share in this sector, and expand in different geographical locations in Saudi Arabia to enhance the vital security of the industry, in addition to distributing the company's contributions to economic development in various regions of the Kingdom.